Portea plans to use the funding raised to grow its existing footprint in India and grow in other markets like Malaysia where it is currently in operational in four cities.Vikas SN | ETtech | September 20, 2015, 19:34 IST

ET had reported in June that Portea was in talks to raise around $40 million from four financial investors including a new investor IFC. Portea Medical had previously raised $9 million Series A funding from Accel, Qualcomm Ventures and Ventureast in December 2013.

The company plans to use the funding raised to grow its existing footprint in India where it is currently operational in 24 cities and also grow in other markets like Malaysia where it is currently in operational in four cities.

"We are finding that some of the countries have a similar characteristics, demographics and needs that India has. Currently our expansion is primarily in Malaysia, and the business is still in infancy as far as Southeast Asia is concerned," Portea CEO Meena Ganesh had previously told ET.

The Bengaluru-based firm which currently employs more than 3,000 people, also plans to hire an additional 5,000 employees over the next 18 months.

Started by US residents Zachary Jones and Karan Aneja in 2012, Portea Medical was acquired by serial entrepreneur duo K Ganesh and Meena Ganesh's GrowthStory in 2013.

It works with hospitals, insurance companies and individuals to provide in-home healthcare and focuses on general primary health care, post-hospitalization care, chronic disease management and related services such as diagnostics and medical equipment on hire.

It claims to have more than 40 hospitals as partners along with a network of referring physicians all over the country and claims to currently handle 60,000 in-home patient visits in a month.